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Unisound AI Technology Co., Ltd. ( (HK:9678) ) has shared an update.
Unisound AI Technology Co., Ltd. has entered into a placing agreement with a sole placing agent to issue 780,000 new H shares under its existing general mandate, representing about 1.87% of its H shares in issue and 1.10% of its total share capital before the placing. The new H shares will be placed to at least six independent investors at HK$252.00 per share, reflecting a discount of 16.00% to the last closing price and 18.13% to the recent five-day average, and are expected to raise gross proceeds of HK$196.56 million and net proceeds of approximately HK$191.69 million, subject to conditions precedent and stock exchange approval for listing and dealing of the new shares; the transaction, if completed, will modestly dilute existing shareholders while strengthening the company’s capital base and potentially enhancing its financial flexibility.
More about Unisound AI Technology Co., Ltd.
Unisound AI Technology Co., Ltd. is a joint stock company incorporated in the People’s Republic of China and listed in Hong Kong, providing artificial intelligence technologies and related products and services, with its H shares traded on the Main Board of the Stock Exchange of Hong Kong (stock code: 9678).
Average Trading Volume: 147,894
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$20.36B
Find detailed analytics on 9678 stock on TipRanks’ Stock Analysis page.